How much does a Loan Underwriter make in Chicago, IL? The average Loan Underwriter salary in Chicago, IL is $63,035 as of March 26, 2024, but the salary range typically falls between $54,689 and $74,053. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Based on HR-reported data: a national average with a geographic differential
Loan Underwriter Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter Salary $47,091 Chicago,IL March 26, 2024
25th Percentile Loan Underwriter Salary $54,689 Chicago,IL March 26, 2024
50th Percentile Loan Underwriter Salary $63,035 Chicago,IL March 26, 2024
75th Percentile Loan Underwriter Salary $74,053 Chicago,IL March 26, 2024
90th Percentile Loan Underwriter Salary $84,084 Chicago,IL March 26, 2024
25% $54,689 10% $47,091 90% $84,084 75% $74,053 $63,035 50%(Median) Didn’t find job title? Click
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Check out Loan Underwriter jobs in Chicago, Illinois

Consumer Loan Underwriter I

Atlanta Postal Credit Union - Atlanta, GA

Loan Underwriter/Officer (35 Hour Work Week)

HealthCare Associates Credit Union - Naperville, IL

Loan Underwriter

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Job Openings for Loan Underwriter in Chicago, IL
JOB ANNOUNCEMENT FINANCIAL PLANNING ANALYST-EXCLD (Economic Development) DEPARTMENT OF PLANNING & DEVELOPMENT Bureau of Economic Development Number of Positions: 4 Starting Salary: $86,520.00 Under direction, performs financial analysis, monitoring, and compliance for the City's economic development incentives, including Tax Increment Financing (TIF), Neighborhood Opportunity Fund (NOF), property tax abatement projects, and new project development. This may include underwriting financial data, preparing amortization schedules, and calculating promissory note payments, monitoring project-specific or district-level metrics, performance, and ensuring accountability with redevelopment agreements (RDA), and managing associated community engagement and legislative processes. ESSENTIAL DUTIES Performs financial analysis of proposed development projects by reviewing applications and evaluating the financial feasibility of projects, the amount of public funds required, and the economic benefits
- Today
At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One. Job Description U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance All job postings listed under U.S. Bancorp Impact Finance reside within the USBCDC organization. T h is role has multiple levels, open to candidates with 5 or more years in RETC space or MBA/JD with one or more years of directly related experience. The successful candidate will be hired for the level of the position that aligns with their experi
- Today
Job Description: Summary Fidelity Investments is building out a new Chicago-based lending team to go after the large direct lending / private credit market. Our leveraged finance platform targets market middle-market private equity backed businesses that need private financing for LBO s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates that want to get in on the ground floor, gain a lot of experience / responsibility quickly, and help leverage the Fidelity name in this growing market. The Group The High Income & Alternatives group has more than $100B in assets under management (AUM).\u00A0 The group s AUM are invested \u201Cacross the capital structure,\u201D including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group s investment process.\u00A0 The Role Based in Chicago, this is an opportunity to join a team for the newly formed middle
- 1 day ago
Consumers Credit Union - Lake Forest , IL
At Consumers Credit Union, we're not just "The People in Your Corner," we're a certified Great Place to Work! We're currently looking for a Credit Analyst to join the Commercial Lending Team. Unlike other Credit Unions or smaller banks, CCU puts a focus on growing our membership and business in the Commercial Lending space. If focusing on people over shareholder returns resonates with you and you've got a sharp mind that can really "crunch the numbers" for commercial loans, then please keep reading! Schedule/Location: This is a "flex" position with work from home days along with onsite days based at our Lake Forest corporate office. Local Northern IL/Southeastern WI candidates only! What you'll do in this role: As a Credit Analyst, you will manage and monitor existing commercial portfolio with an emphasis on customer service, risk management and financial reporting requirements. Evaluate financial information, business risks and providing credit recommendations. Provide analysis of fin
- 1 day ago
Cinnaire Corporation - Chicago , IL
Job Description Job Description Job Summary: The Loan Closing Coordinator provides client relationship and loan management services for commercial/multifamily loans from approval through closing. The Loan Closing Coordinator is primarily responsible for maintaining complete and correct closing documentation and they maintain positive and productive relationships with internal and external customers, including borrowers, attorneys, participating lenders, and third-party service providers. Essential Duties and Responsibilities: Identifies appropriate closing diligence requirements/checklist with Loan Underwriter and outside legal counsel post-approval. Schedules calls with borrowers and counsel to review outstanding documentation needed to close. Orders third party reports, including searches, credit reports, and flood certs, and coordinates the submission of invoices for payment. Coordinates the creation of loan documents by counsel that reflect approved loan terms and closing condition
- 1 day ago
Job Description City of Chicago Department of Planning & Development (DPD) Under direction, performs financial analysis, monitoring, and compliance for the City's economic development incentives, including Tax Increment Financing (TIF), Neighborhood Opportunity Fund (NOF), property tax abatement projects, and new project development. This may include underwriting financial data, preparing amortization schedules, and calculating promissory note payments, monitoring project-specific or district-level metrics, performance, and ensuring accountability with redevelopment agreements (RDA), and managing associated community engagement and legislative processes. ESSENTIAL DUTIES Performs financial analysis of proposed development projects by reviewing applications and evaluating the financial feasibility of projects, the amount of public funds required, and the economic benefits to the public sector Manages project development for some City-led development projects, including developing financ
- 2 days ago

Career Path for this job

  1. This Job:

    Loan Underwriter

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Mortgage Underwriter II

    2 - 4 years experience
    Bachelor's Degree

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Understand the total compensation opportunity for a Loan Underwriter, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
54689
74053
63035

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
56484
77508
65272
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter in Chicago, IL. The base salary for Loan Underwriter ranges from $54,689 to $74,053 with the average base salary of $63,035. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,484 to $77,508 with the average total cash compensation of $65,272.

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54689
74053

 

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago

Loan Underwriter Salary in popular cities: AuroraRockfordJoliet

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